On June 1, 2022, the Ministry of Human Resources and Emiratization (MOHRE) announced the new classification system for establishments in the private sector. It classifies companies into three categories. The initiative is designed to protect the rights of employees and motivate companies to adhere to labor regulations, making private firms in the UAE an ideal …
The Emirates ID will be used as primary proof of residency as an expatriate and visa stickers on passports have been eliminated. These changes have taken effect as of April 11, 2022. Here is a quick guide to avoiding delays on your Emirates ID application. The following are the photo guidelines for expatriates per the …
The all-new Emirates ID: Photo guidelines & Features Read More »
UAE’s northernmost emirate has been making headlines since the start of 2022. Ras Al Khaimah has already accomplished a lot in Q1 alone. The government continues to support its resident and the business sector and has introduced several initiatives to drive growth. We have summarized for you the key developments in RAK in Q1. I. …
In a nutshell: Ras Al Khaimah’s growth and development Q1 Read More »
As part of its efforts to reinforce the UAE’s reputation as a desirable destination to live, work, and invest in, the UAE has recently approved executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners. The executive regulations detail the types and conditions of entry visas and residence permits. With the new system …
All you need to know about Entry and Residency Permits in the UAE Read More »
Ras Al Khaimah has successfully built a place in the region, and soon the world. Thanks to its strategic geographical location, tourism initiatives, ease of doing business, industrial-strength, and affluence of human capital, the northernmost emirate of UAE is becoming a popular choice of tourists, residents, and investors. Let us take a look at the …
Property transactions in 2021 totaled 84,772 and were worth 300 billion AED. A total of 52,415 investors acquired 72,207 new properties in the emirate. According to the annual transaction report issued by Dubai Land Department (DLD), the emirate saw a 65% increase in the number of property transactions and a 71% increase in value last …
Dubai’s real estate market continues to grow in 2022 Read More »
Middle East and North Africa M&A deals rise by 66% in 2021 amid economic recovery with UAE and Saudi Arabia leading the surge with energy and tech sectors according to EY MENA M&A Insights report. M&A levels in 2021 increased to 366 deals from just 192 in 2020, primarily driven by domestic deals. The value …
182 days, 192 countries, and over 22 million visitors. As Expo 2020 came to a close on 31 March, it brought the world together in this historical event that showcased innovation and collaboration. It has become a meeting point for culture and art, science and learning, and work and creativity. Despite several challenges it faced …
The UAE Cabinet has approved crowdfunding activity for both the public and private sectors to assist small and medium-sized enterprises access funds to grow their business and finance new innovative business ideas. In 2020, the Central Bank of UAE launched a new Regulation on “Loan Based Crowdfunding” which sought to establish an appropriate framework for …
UAE approves crowdfunding activity for public and private sectors Read More »
According to a new report by EZDubai and Euromonitor International, e-commerce in the UAE reached just over $5 billion in 2021 and is expected to exceed $8 billion by 2025. As of 2021, the total market size of e-commerce in MENA was estimated at $31.7 billion. Over the course of 2021-2025, e-commerce is projected to grow …
UAE e-commerce market valued at over $5bn in 2021 Read More »